‘Tremendous uptick’ in iron ore hedging after Vale dam breach, SGX says

The Singapore Exchange (SGX) has seen a “tremendous uptick” in iron ore futures trading activity due to supply concerns following the deadly breach at one of Vale’s tailings dams earlier this year.

“There is suddenly a big squeeze on high-quality iron ore,” the exchange’s head of derivatives, Michael Syn, said in response to a question from Fastmarkets at an SGX press briefing at the 44th Annual International Futures Industry Conference in Boca Raton, in the US state of Florida on Tuesday March 12. “The only way you could have addressed...

Published

Grace Lavigne Asenov

March 13, 2019

05:45 GMT

Boca Raton, Florida